Wellington Management Group LLP Sells 687,548 Shares of Select Water Solutions, Inc. (NYSE:WTTR)

Wellington Management Group LLP trimmed its position in Select Water Solutions, Inc. (NYSE:WTTR - Free Report) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,421,941 shares of the company's stock after selling 687,548 shares during the period. Wellington Management Group LLP owned 3.72% of Select Water Solutions worth $49,216,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Select Water Solutions during the 2nd quarter worth $34,000. CWM LLC lifted its holdings in shares of Select Water Solutions by 55.2% during the 2nd quarter. CWM LLC now owns 4,204 shares of the company's stock worth $45,000 after acquiring an additional 1,496 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Select Water Solutions by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,149 shares of the company's stock worth $46,000 after acquiring an additional 1,141 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Select Water Solutions by 13.8% during the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company's stock worth $93,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Select Water Solutions during the 3rd quarter worth $107,000. 81.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WTTR. Northland Securities raised shares of Select Water Solutions from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $11.50 to $14.50 in a report on Thursday, August 22nd. Northland Capmk raised shares of Select Water Solutions from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 22nd.

Select Water Solutions Trading Down 3.8 %

NYSE:WTTR traded down $0.56 during trading hours on Thursday, reaching $14.04. The company's stock had a trading volume of 285,500 shares, compared to its average volume of 1,014,779. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 24.75 and a beta of 1.76. The firm has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $11.51. Select Water Solutions, Inc. has a 1 year low of $6.99 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $371.35 million for the quarter, compared to analysts' expectations of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The firm's revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Research analysts expect that Select Water Solutions, Inc. will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.07 dividend. This is a boost from Select Water Solutions's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.99%. Select Water Solutions's payout ratio is presently 47.46%.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.